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Rimini Street, Inc. (DE) - RMNI STOCK NEWS

Welcome to our dedicated page for Rimini Street (DE) news (Ticker: RMNI), a resource for investors and traders seeking the latest updates and insights on Rimini Street (DE) stock.

Rimini Street, Inc., established in 2005, is a pioneering independent provider of enterprise software support services. The company specializes in offering third-party support for Oracle and SAP enterprise software, significantly reducing annual support fees by 50% compared to traditional support programs. Rimini Street’s support services are not only cost-effective but also award-winning, making them a preferred choice for organizations looking to optimize their IT budgets without compromising service quality.

Rimini Street’s comprehensive support solutions enable clients to efficiently run, manage, support, customize, configure, connect, protect, monitor, and optimize their enterprise applications, databases, and technology software platforms. The company’s product portfolio includes support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite, among others.

The company is widely recognized by clients and industry analysts such as Gartner, Forrester, and Nucleus for its leadership in a rapidly growing market. Rimini Street has an impressive client base nearing 1,000 clients, showcasing its accelerating growth and strong market presence. The company has also been acknowledged in various industry recognitions, including being named to CIO UK’s “20 Companies to Watch in 2012” hotlist.

With a solid value proposition that resonates with CIOs and CFOs, particularly in an environment of tight IT budgets and flat global economic growth, Rimini Street provides proven methods to cut costs while enhancing service levels. This unique positioning creates a significant market opportunity with tens of thousands of qualified target prospects.

Rimini Street’s financial health is bolstered by its growing client base and revenue streams, predominantly derived from the United States. The company continues to expand its market reach and enhance its service offerings, making it a formidable player in the enterprise software support industry.

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More and more Oracle Database licensees are switching to Rimini Support™ and Rimini Protect™ for cost savings and enhanced security. Rimini Street advises licensees running pre-19c releases of Oracle Database to switch to Rimini Support™ to continue using their current release for up to 15 additional years without required upgrades. Clients can save 50% on support fees compared to Oracle Support and leverage Rimini Protect™ security solutions.
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Rimini Street's Street Smart and Street Light executive series are gaining popularity among CXOs and IT leaders. These events provide a platform for dialogue, networking, and sharing of best practices. They have been held in various countries and cover topics like reducing cost and increasing profit. The events are focused on thought leadership and fostering peer relationships, rather than sales.
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HCX Technology Partners, a Philippines-based digital business solutions provider, has selected Rimini Support™ services for its 60,000 Oracle PeopleSoft software licenses. This partnership will help HCX resolve complex cases, optimize IT resources, achieve cost savings, and enable innovation.
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FAQ

What is the current stock price of Rimini Street (DE) (RMNI)?

The current stock price of Rimini Street (DE) (RMNI) is $2.52 as of December 20, 2024.

What is the market cap of Rimini Street (DE) (RMNI)?

The market cap of Rimini Street (DE) (RMNI) is approximately 225.5M.

What does Rimini Street, Inc. do?

Rimini Street, Inc. provides independent support for Oracle and SAP enterprise software, offering cost-effective and award-winning services.

When was Rimini Street, Inc. established?

Rimini Street, Inc. was established in 2005.

What are some products offered by Rimini Street, Inc.?

Some of the products include support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite.

How much can clients save with Rimini Street's support services?

Clients can save up to 50% annually compared to traditional support from Oracle and SAP.

How many clients does Rimini Street, Inc. have?

Rimini Street, Inc. has nearly 1,000 clients.

What makes Rimini Street's support services unique?

Rimini Street offers award-winning support services that are cost-effective and recognized by leading industry analysts and financial experts.

Where does Rimini Street, Inc. derive most of its revenue?

The company derives most of its revenue from the United States.

Has Rimini Street, Inc. received any industry recognition?

Yes, it has been named to CIO UK’s “20 Companies to Watch in 2012” hotlist, among other recognitions.

What is the growth potential for Rimini Street, Inc.?

The company operates in a fast-growing market with a substantial number of target prospects, indicating significant growth potential.

What is the financial condition of Rimini Street, Inc.?

Rimini Street, Inc. is financially strong, supported by a growing client base and revenue streams.

Rimini Street, Inc. (DE)

Nasdaq:RMNI

RMNI Rankings

RMNI Stock Data

225.48M
47.71M
21.61%
66.95%
1.88%
Software - Application
Services-business Services, Nec
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United States of America
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